Palm Gets Monetary Boost

Most companies aren’t enjoying the current economic turmoil too much, and Palm certainly falls into that category. Fortunately for it, Elevation Partners has decided to boost it with $100 million of additional funding to help it weather the storm, and also in exchange for 7 million stocks. Hopefully Palm will be able to come up with something spectacular at the coming CES to dig itself out of the problems that it’s currently facing.